The U.S. Navy has estimated a worst-case cost overrun of as much as $1.1 billion for the aircraft carrier USS Gerald R. Ford, the service’s most expensive warship.
The carrier is being built by Huntington Ingalls Industries under a cost-plus, incentive-fee contract in which the Navy pays for most of the overruns. Even so, the service’s efforts to control expenses may put the company’s $579.2 million profit at risk, according to the Navy.
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Source: http://feeds.washingtonpost.com/click.phdo?i=8e429f53c3627436b5ce9670ede0c661
John Huntsman Rick Perry Michele Bachmann Newt Gingrich Barack Obama
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